The NTL Pension Plan is a defined benefit (final salary) pension plan that was set up on the privatisation of the Independent Broadcasting Authority (IBA) in 1991 to provide the acquired and ongoing pensions for staff moving to National Transcommunications Limited (NTL). The Plan also took on the pensions of staff transferred to NTL from DTELS. Following the acquisition of NTL by CableTel, the subsequent rebranding as ntl:, and the acquisition of further cable companies, the Plan continued to accept some new members, but was closed to further new membership in 1998. Subsequently ntl: and Telewest merged to form Virgin Media and thus Virgin Media became, and remains, the sponsoring employer for the Plan.
Many former IBA/NTL staff involved in the broadcast transmission business were transferred from NTL to Arqiva and retained deferred benefits in the NTL Pension Plan, while Arqiva set up a new Plan to provide for their ongoing pensions provision.
The www.mypension.com/ntlplan website contains information about the Plan. Please note however that this site is provided by the Plan’s former administrators, XPS, so may be discontinued and any contact information there for XPS is no longer valid. The site still provides some useful information as there is currently no equivalent information website for the Plan from the new administrators, PIC.